MSc Financial Mathematics

Postgraduate Entry Requirements:

• Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of 60% or equivalent.
• English language proficiency is required, and applicants must provide evidence of their English language skills through an approved language test.
  • IELTS: A minimum overall score of 6.5 with no individual component below 6.0.
  • TOEFL: A minimum overall score of 88, with at least 21 in Listening, Reading, Speaking, and Writing.
  • PTE Academic: A minimum overall score of 62 with no individual score below 51.
• Some postgraduate programs may have specific subject prerequisites or additional requirements.

Students must provide:

• academic marksheets & transcripts
• letters of recommendation
• a personal statement - SOP
• passport
• other supporting documents as required by the university.

Work experience: Some postgraduate courses may require relevant work experience in the field.

It is important to note that meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions

The University of Liverpool offers a range of scholarships to support students in their academic pursuits and help make higher education more accessible. These scholarships are awarded based on various criteria, including academic merit, financial need, and specific eligibility requirements. 

1. Vice-Chancellor's International Attainment Scholarship: This scholarship is designed for international undergraduate and postgraduate taught students who demonstrate exceptional academic achievement. The Vice-Chancellor's International Attainment Scholarship provides a reduction in tuition fees for the duration of the program.
2. Liverpool International College (LIC) Excellence Scholarship: The LIC Excellence Scholarship is available to international students who are progressing from Liverpool International College to an undergraduate degree program at the University of Liverpool. It offers a reduction in tuition fees for the first year of study.
3. Sports Scholarships: The University of Liverpool offers sports scholarships to talented athletes who have achieved a high level of sporting excellence. These scholarships provide financial support, access to training facilities, specialized coaching, and other resources to help athletes balance their academic and sporting commitments.
4. International Scholarships for Research Excellence (ISRE): The ISRE scholarships are awarded to international students undertaking a Ph.D. or MPhil research program at the University of Liverpool. These scholarships provide financial support, covering full tuition fees and a stipend to support living expenses.
5. Subject-specific Scholarships: Various academic departments at the University of Liverpool offer subject-specific scholarships to outstanding students in particular fields. These scholarships aim to recognize academic excellence and support students in their chosen disciplines. Examples include scholarships for Engineering, Business, Medicine, and Social Sciences.
6. Merit Scholarships: The University of Liverpool offers merit scholarships to high-achieving undergraduate students who demonstrate exceptional academic performance. These scholarships are awarded based on academic merit and provide a reduction in tuition fees for each year of study.
7. Widening Participation Scholarships: The Widening Participation Scholarships are designed to support students from underrepresented backgrounds who may face barriers to accessing higher education. These scholarships aim to promote social mobility and provide financial assistance to eligible students.

It's important to note that scholarship availability, eligibility criteria, and application deadlines may vary.

The University of Liverpool in the UK offers the MSc Financial Mathematics course, which is designed to provide students with a solid understanding of mathematical and statistical techniques applied to finance. This program equips graduates with the necessary skills and knowledge to pursue rewarding careers in the finance industry.  

1. Quantitative Analyst: Graduates can work as quantitative analysts, also known as quants, in investment banks, hedge funds, or financial institutions. They use mathematical and statistical models to develop and implement trading strategies, pricing models, risk management techniques, and investment portfolios. Quantitative analysts play a crucial role in analyzing complex financial data and providing quantitative insights to support investment decision-making.

2. Risk Analyst/Manager: Graduates can pursue careers as risk analysts or risk managers in financial institutions. They analyze and assess various types of risks, such as market risk, credit risk, and operational risk, using mathematical models and statistical techniques. Risk analysts help identify potential risks, develop risk management strategies, and ensure compliance with regulatory requirements.

3. Financial Data Analyst: Graduates can work as financial data analysts, specializing in analyzing and interpreting large financial datasets. They use statistical and mathematical techniques to extract insights from financial data, identify trends, and develop predictive models. Financial data analysts support decision-making by providing accurate and timely financial information to stakeholders.

4. Derivatives Analyst: Graduates can pursue careers as derivatives analysts, focusing on the pricing and valuation of financial derivatives such as options, futures, and swaps. They use advanced mathematical models and computational techniques to analyze derivatives markets, develop pricing models, and assess the risk associated with derivative instruments. Derivatives analysts provide critical insights into the pricing and trading of derivatives products.

5. Financial Modeller: Graduates can work as financial modellers, developing mathematical models and simulations to analyze and forecast financial outcomes. They may work in areas such as asset valuation, portfolio optimization, or risk management. Financial modellers play a key role in supporting financial decision-making by providing accurate and robust financial models.

6. Investment Analyst: Graduates can pursue careers as investment analysts, responsible for analyzing investment opportunities, conducting financial research, and providing investment recommendations. They assess the financial health and performance of companies, analyze market trends, and evaluate investment strategies. Investment analysts provide insights to clients or internal stakeholders to support investment decision-making.

7. Financial Consultant: Graduates can work as financial consultants, providing expert advice on financial matters to individuals or organizations. They may specialize in areas such as investment management, risk management, or financial planning. Financial consultants help clients make informed financial decisions, optimize their financial resources, and achieve their financial goals.

8. Portfolio Manager: Graduates can pursue careers as portfolio managers, responsible for managing investment portfolios on behalf of individuals, institutions, or funds. They develop investment strategies, allocate assets, and monitor portfolio performance. Portfolio managers aim to achieve optimal returns while managing risks according to clients' investment objectives.

9. Financial Software Developer: Graduates can work as financial software developers, creating and implementing software solutions for financial institutions. They develop algorithms, design trading platforms, and build financial models to support trading and risk management activities. Financial software developers play a critical role in the development and maintenance of software systems used in the finance industry.

10. Academic or Researcher: Graduates can choose to pursue further studies or research in the field of financial mathematics. They can pursue a Ph.D. and contribute to the advancement of financial mathematics through academic research and teaching.